Filing Flows › Lightpath Technologies (LPTH) › Q2 FY25
Lightpath Technologies (LPTH) Q2 FY25 earnings results (second quarter fiscal 2025)
10-Q filed Feb 13, 2025
Lightpath Technologies (LPTH) reported revenue of $7.4M for the second quarter fiscal 2025 (Q2 FY25), +1% from a year earlier and -12% from the quarter before. Operating margin was -33.5%, net loss $2.6M (35.2% of revenue).
Lightpath Technologies, Q2 FY25: revenue $7.4M (+2% year over year), operating margin -33.5%, net loss $2.6M, operating cash flow −$737K. The chart follows the revenue to costs, profit and cash.
| Q2 FY25 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $7.4M | -12% | +1% |
| Operating profit | −$2.5M | — | — |
| Net earnings | −$2.6M | — | — |
| Operating cash flow | −$737K | — | — |
What changed
Revenue was $7.4M in Q2 FY25, up 1% year over year and down 12% from the previous quarter. Infrared Components was the largest line at 42% of revenue. Engineering Services added $615K year over year (up 797%), 564% of the total change. Assemblies and Modules declined 13%.
Gross margin was 26.0%, down 3.6 points from a year earlier. Operating costs exceeded revenue by $2.5M, an operating margin of -33.5%. Operating expenses grew 12% against revenue growth of 1%. The fastest-growing cost line was Research & development (+26%). The quarter ended with a net loss of $2.6M, wider than the previous quarter's $1.6M loss.
Operating cash flow was −$737K. Non-cash charges added back $904K of depreciation and amortization and $242K of share-based compensation. Working capital and other items added $729K. Capital expenditures of $80K exceeded it, leaving free cash flow of −$818K.
Questions
What was Lightpath Technologies' revenue in the second quarter fiscal 2025?
Lightpath Technologies (LPTH) reported revenue of $7.4M for the second quarter fiscal 2025 (Q2 FY25), +1% from a year earlier and -12% from the quarter before.
Was Lightpath Technologies profitable in the second quarter fiscal 2025?
Operating loss was $2.5M (-33.5% of revenue) and net loss $2.6M.